By Stephanie Mencimer | Wed Dec. 8, 2010 10:32 AM PST
Glenn Beck might, for once, is right: the government is coming for your gold. But only if you happened to buy it from one of Beck's advertisers, the Superior Gold Group.
At the request of prosecutors from LA County and Santa Monica city who have filed a civil suit against the company, Los Angeles County judge has ordered that Superior Gold be placed into receivership and all of its assets . .
. . .(A) lawsuit alleged that among other things, Superior had defrauded its customers by overcharging them, fraudulently inducing them to buy overpriced collectors' coins rather than the bullion that they wanted, and taking customers' money for coins they never produced . . .
Putting a company in receivership is a pretty drastic and very rare move for a judge in a civil case. It does not bode well for Beck's other and much bigger gold advertiser, Goldline, which has also been accused of very similar tactics, as Mother Jones documented earlier this year.
The California prosecutors are also investigating Goldline. . . Whether Goldline is in the same boat is hard to know, but the swift takeover of Superior Gold has to be making Goldline (and Beck, too) awfully nervous.
see the complete story at http://motherjones.com/mojo/2010/12/superior-gold-judge-freezes-assets-glenn-beck
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At the request of prosecutors from LA County and Santa Monica city who have filed a civil suit against the company, Los Angeles County judge has ordered that Superior Gold be placed into receivership and all of its assets . .
. . .(A) lawsuit alleged that among other things, Superior had defrauded its customers by overcharging them, fraudulently inducing them to buy overpriced collectors' coins rather than the bullion that they wanted, and taking customers' money for coins they never produced . . .
Putting a company in receivership is a pretty drastic and very rare move for a judge in a civil case. It does not bode well for Beck's other and much bigger gold advertiser, Goldline, which has also been accused of very similar tactics, as Mother Jones documented earlier this year.
The California prosecutors are also investigating Goldline. . . Whether Goldline is in the same boat is hard to know, but the swift takeover of Superior Gold has to be making Goldline (and Beck, too) awfully nervous.
see the complete story at http://motherjones.com/mojo/2010/12/superior-gold-judge-freezes-assets-glenn-beck
Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA
Netcraft rank: 7373 http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
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